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Murrey Math Oscillator Pro


This one-time payment includes LIFETIME support & immeasurable benefits [+]
  • Software license


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Availability for:

  • NinjaTrader 7 platform: NOT PLANNED
  • NinjaTrader 8 platform: AVAILABLE NOW


  • Calculate mode: any modes
  • Trader manual: not available


Murrey Math Oscillator Pro is a new oscillator calculated based on the position of price in relation to the midline of the Donchian channel, with options for price smoothing. Our calculation formula ensures that the indicator values oscillate between -100 and 100.

The Murrey Math’s concept was then applied to this product to divide the range of the oscillator values into 8 regions (hence the product name):

  • Positive Quadrant 1st: 0 to 25
  • Positive Quadrant 2nd: 25 to 50
  • Positive Quadrant 3rd: 50 to 75
  • Positive Quadrant 4th: 75 to 100
  • Negative Quadrant 1st: 0 to -25
  • Negative Quadrant 2nd: -25 to -50
  • Negative Quadrant 3rd: -50 to -75
  • Negative Quadrant 4th: -75 to -100

For ease of recognition, the oscillator plot can be colorized in 8 different user-defined colors corresponding to these 8 quadrants.

A moving average of the oscillator was added to help generate reversal signals, which become the best value of this indicator:

  • A bullish reversal signal is provided if the oscillator crosses above its moving average in the lower zone.
  • A bearish reversal signal is provided if the oscillator crosses below its moving average in the upper zone.

The upper & lower zones are identified based on “Strict Mode”:

  • “Strict Mode” enabled: The upper zone is above 75 and the lower zone is below -75.
  • “Strict Mode” disabled: The upper zone is above 50 and the lower zone is below -50.


  • Popup alert
  • Sound alert (configurable rearm)
  • Email alert (possibly configured as SMS alert)
  • Message displayed in Alerts Log window

NinjaScript readiness:

  • Can be used in's GRAND* HelloWin (our AMAZING analysis tool)
  • Can be used in Market Analyzer
  • Can be used in Strategy Builder
  • Can be used in BloodHound
  • Can be used in 3rd-party indicators, strategies, products
  • Professional & clean signature for easy calling

Dedicated NinjaScript signals:

  • Signal_Trade: 1 = bullish, -1 = bearish, 0 = no signal
  • Signal_State:
    • 4 = positive quadrant 4th (75 → 100)
    • 3 = positive quadrant 3rd (50 → 75)
    • 2 = positive quadrant 2nd (25 → 50)
    • 1 = positive quadrant 1st (0 → 25)
    • -1 = negative quadrant 1st (0 → -25)
    • -2 = negative quadrant 2nd (-25 → -50)
    • -3 = negative quadrant 3rd (-50 → -75)
    • -4 = negative quadrant 4th (-75 → -100)


  • Ready to use out of the box
  • Fully configurable & customizable with ease


Murrey Math Oscillator Pro
Murrey Math Oscillator Pro
14 photos


Please read Installation Guide for details.


FREE support for life! Feel free to ask us anything, anytime.
On NinjaTrader 8, you even have access to our PRIORITY SUPPORT directly from charts.
Please read Customer Service for details.

Software upgrade

All software upgrades for NinjaTrader 7 are absolutely FREE of charge.
All software upgrades for NinjaTrader 8 are absolutely FREE of charge.
A one-time low fee may be required for an upgrade from NinjaTrader 7 to NinjaTrader 8.
Please read Upgrade Policy for details.


Because software products may be copied and stored easily, we will NOT issue refunds of any kind.
Upon purchasing this software, you agree to be bound by Terms of Service.

Various types of trading software products, all under one roof!
Please check out our NinjaTrader 8 indicators to find ones that fit your needs.

Software Changelog

NinjaTrader 8 version:

  • 24 Nov 2022 – The indicator was released (build new).

■ Payment options: PayPal, Skrill, Visa, Mastercard, Bitcoin...

■ Because software products may be copied and stored easily, we will NOT issue refunds of any kind. ALL SALES ARE FINAL & NON-REFUNDABLE!

■ Futures and fx trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

■ Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

■ NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.
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    Murrey Math Oscillator Pro indicator for NinjaTrader 8
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